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I don't know what the case is for state schools like UCB, but for private schools students seldom have to pay the entire sticker price. The whole question of tuition and fees is crazy in more ways than one.
But even a percentage of a large number is still a large number. Especially if you tack on the other costs of living. (I say this with full knowledge of the irony that I teach at the most expensive school in New Jersey!) My students are STRESSED about money and debt. I get it.
Oh yeah, it's still bad. But I think those sticker prices drive away students who might be able to make the more realistic numbers.
The job market for PhDs sucks too. Being a visiting lecturer in anthro making $35k with $160k in student loan debt is, um, not great. And (yay capitalism) tenure track positions are like winning the lottery.
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